Slot receiver Wes Welker has agreed to terms with the Denver Broncos on a two-year contract, spurning the New England Patriots and Tom Brady for Peyton Manning. Numerous outlets are reporting the move. Here is NFL.com's story.

Broncos executive John Elway tweeted the news: "Agreed to terms on a 2-yr deal with Wes Welker. Excited to have Wes join the Broncos. His production & toughness will be a great asset!"